Status of Cumulative Voting Bill

On April 20, 2005, I reported on a Conference Committee Hearing on the cumulative voting bill. The committee passed out an amended version of the bill and it will be going to House and Senate floors for final vote next week.

SB1798 CD1 This bill would provide that the removal of directors would require the approval of owners holding a majority of the common interest in the condominium association. The percentage would not change depending on whether cumulative voting was used to elect the director. The bill also provides that if the bylaws provide for cumulative voting by the owners, the owners may so vote if an owner gives notice of the owner's intent to cumulatively vote before voting commences. The Conference Draft represents a major improvement over earlier versions of the bill.